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20121129
20121207
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. our road map begins with a $20 billion deal. freeport mcmoran getting into the energy business making two acquisitions. plains exploration and mcmoran exploration. >>> concerns over the u.s. economy as adp misses estimates. the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total
. ely lily, interestingly, devon energy. there's so many lists going around. so a lot of them do come in the month of december. guess by the way, check out the shares in ges. today the stock is get a nice boost. >> you talk about all the special dividends, in the meantime, fxc trading above 7.5%. spanish bonds amazing. italian, 1.48%. we're buying italian paper. >> for a good trade, that's got to be some of the good things that are out. >> we want to talk about things that are good that we forget about because when they're bad, we talked about them every day. >> europe is such a good trading partner, at least in the past based on where brussels was going. >> we had ten straight that were good. production numbers still good there. i'm a believer in china, but, boy, that stock market has been a gonner. >> record low in china even though the data has been getting marketedly better. it's fascinating to trade there. >> i'm a believer, but every day you come in and you feel smacked on the head. >> also troublingly, same store sales were only up 1% while inventories were up 11%. so that's no
is up. totally out of tune. let's check out the latest news in energy and metals with sharon epperson at the nimax. >> traders on the nimax floor say they don't want to stick their necks out right now not ahead of the weekend not knowing what will happen with the u.s. budget resolution. there's too much uncertainty here and that's a big reason why you are looking at basically flat prices across the board in the energy complex. we're looking at oil prices basically in a holding pattern here under the 88.50 level for wti crude and around 110 for brent crude price. when you look at what's happening in oil prices over the course of the week, we're where we are a week ago and cliff on and cliff off talks keep traders with little incentive to trade the flat price. in terms of gold market, we're looking at the february contract here as the most active contract for gold and there we have seen a lot of price action in the gold market this week. we've seen record volume here at the cme in terms of the gold trade. prices right in the middle of the range they've been trading in around the 1725 ma
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the end of the session. >> thank you very much. let's check out latest news in energy and medals with sharon epperson. >> it's the euro that we see in euro dollar helping commodities and risk on trade across the board in the sector. the fact that we are looking at that euro dollar and above 130 level is significant. also keep in mind that we did get improving factory activity. that pmi data out of china best in seven months. that's also helping the energy sector and technical buying is also contributing because we have nimax crude future, wti contract above that 89.80 level that traders are watching. 112 was the session high. in terms of gold prices, we are looking at new buying for the beginning of the month in gold and that is helping the gold futures contract but also the gold etf market at a record level right now. we've seen retail investors interested in gold not only in buying etfs but also in gold coins and in terms of etf market we look at highest levels we've seen for the year here as we begin the new month. back to you, carl. >> all right. thank you so much for that. i
Search Results 0 to 4 of about 5